Disbursement Approval definition

Disbursement Approval means the electronic approval of a Guarantee by Ex-Im Bank of any Request for Disbursement Approval.
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Disbursement Approval means the Written Approval of Lender authorizing Settlement Agent to Disburse the Loan Proceeds. This may also be called
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Examples of Disbursement Approval in a sentence

  • Ex-Im Bank shall evidence each Disbursement Approval by recording the word “Approved” in the “Status” column corresponding to the relevant Disbursement Identification Number as set forth on the “History Requests” page of the ECP Web Site.

  • The Lender agrees that Ex-Im Bank shall not deliver a substitute Disbursement Approval with respect to the exercise of an Interest Rate Switch.

  • No additional approvals are required, other than any applicable Funds Disbursement Approval as noted below.

  • Borrower shall pay to Bank a non-refundable facility fee in the total amount as set forth on the Closing Statement and Loan Disbursement Approval of even date herewith.

  • The Claim Administrator shall pay the Class Counsel Fees and Class Counsel Disbursements from the Trust Account on the Settlement Fee and Disbursement Approval Date.

  • If the requirements set forth in this Agreement (including, without limitation, Annex C hereto) are satisfied, Ex-Im Bank will issue a Disbursement Approval with respect to each Disbursement made on or prior to the Final Disbursement Date of such Approved Credit in the manner described in, and pursuant to the terms and conditions of, Annex C.

  • OCP was required to submit the standard documents to the Facility Agent for review.We reviewed both OCP disbursements and found that the Borrower submitted the required standard documents to the Facility Agent and the information reported to EXIM Bank on the ECP Request for Disbursement Approval forms generally agreed with the documents submitted by OCP.

  • After the issuance of a Disbursement Approval with respect to a Disbursement, the Guarantee with respect to such Disbursement shall be binding on Ex-Im Bank even though payment under the relevant Debt Document is held to be unenforceable, except to the extent provided in Sections 4.04, 4.05 and/or 4.06.

  • As conditions precedent to the effectiveness of this Agreement, Ex-Im Bank shall have received, in form and substance satisfactory to it, evidence of the authority (including specimen signatures) of each Person who, on behalf of the Lender, signed this Agreement, will submit any Request for Disbursement Approval or other documents required by this Agreement, and will otherwise act as the Lender’s representative in the performance of this Agreement.

  • Subject to Section 10.07, the Lender shall be irrevocably bound by each Request for Disbursement Approval or other document required by this Agreement or notice delivered hereunder which is purportedly executed or delivered on behalf of the Lender either (a) through use of the User Identification and Password provided to the Lender by Ex-Im Bank or (b) in a manner consistent with the evidence of authorization provided pursuant to Section 6.01 as modified by any notice delivered pursuant to Section 9.02(c).

Related to Disbursement Approval

  • CFIUS Approval means that any of the following shall have occurred: (a) the review period under the DPA commencing on the date that a CFIUS Notice is accepted by CFIUS shall have expired and Xxx, on the one hand, and Polaris, on the other hand, shall have received written notice from CFIUS to the effect that such review has been concluded and that either the Contemplated Transactions do not constitute a “covered transaction” under the DPA or there are no unresolved national security concerns, and all action under the DPA is concluded with respect to the Contemplated Transactions, (b) an investigation under the DPA shall have been commenced after such review period and CFIUS shall have determined to conclude all action under the DPA without sending a report to the President of the United States, and Xxx, on the one hand, and Polaris, on the other hand, shall have received written notice from CFIUS that either the Contemplated Transactions do not constitute a “covered transaction” under the DPA or there are no unresolved national security concerns, and all action under the DPA is concluded with respect to the Contemplated Transactions, or (c) CFIUS shall have sent a report to the President of the United States requesting the President’s decision and either (i) the President shall have announced a decision not to take any action to suspend or prohibit the Contemplated Transactions or, (ii) the period under the DPA during which the President may announce his decision to take action to suspend, prohibit or place any limitations on the Contemplated Transactions shall have expired without any such action being threatened, announced or taken.